Goodman Group Given Overweight Rating at Commonwealth Bank (GMG)
Goodman Group (ASX:GMG)‘s stock had its “overweight” rating restated by Commonwealth Bank in a research note issued on Friday, ARN reports.
Goodman Group (ASX:GMG) traded up 1.49% during mid-day trading on Friday, hitting A$4.770. 4,241,212 shares of the company’s stock traded hands. Goodman Group has a 52 week low of A$0.000 and a 52 week high of A$0.000. The stock has a 50-day moving average of A$4.70 and a 200-day moving average of A$4.89. The company has a market cap of A$8.172 billion and a price-to-earnings ratio of 49.47.
A number of other firms have also recently commented on GMG. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Goodman Group (ASX:GMG) in a research note to investors on Tuesday, September 3rd. They now have a $544.00 price target on the stock.
Goodman Group (ASX:GMG) is engaged in investment in directly and indirectly held industrial property, fund management, property services and development management.
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